Reply to What happens if you ED and then back out?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not OP, but I wish we could also withdraw. Mostly bc we got zero merit from the school my DD was accepted to ED. And plenty of merit aid from the other schools she was accepted to -- but I realize that is the risk we took, but still sucks. We thought there would be a little merit at least and now we will need to take out a loan. [/quote]

You can get out of ED for financial reasons. If they don't offer you enough $$, you can say you can't afford it, and need to withdraw your ED. It happens. You'd have to prove it, possibly. [/quote]

That’s about need based aid, not merit.[/quote]

You can just say you can’t pay. They can’t force you to go and you won’t be sued. People back out for other reasons too (illness, mental health, etc).  [/quote]

They can't force you to go, but if they disagree with you that you can't pay, they can inform all of their overlap colleges that they are not releasing you from the ED contract. Those other colleges will not allow you to matriculate.[/quote]

+1. The ED school can’t force attendance.  They CAN (and will) ensure you don’t attend anywhere else. As will your guidance counselor, who also signed the ED agreement. She and the HS are also on the hook. [/quote]

This is ridiculous.  Let’s say a kid says that it is too expensive and they need to go to a state school.  The ED school is not going to prevent them.  Or a kid realizes that he can’t handle the ED school because of anxiety or because he has a family crisis.  He can just apply to different schools in the next cycle.  [/quote]

The kid just can’t say “it’s too expensive”. First, there’s the net price calculator. The. The agreement and discussion of cost and signing of the agreement with the high school counselor by both parent and student agreeing to terms. Then the acceptance. Then the parents file the FAFSA and /or CSS. Most people reading this on the DMV will, like us, get an EFC of 100 percent because we make over $250k or so a year. That should coordinate with the NPC (always take a screenshot of that), if not then the school works with the parents (or doesn’t) on a financial package of grants, work study, etc snd the student takes out the $5500 in subsidized student loan. The parents are now stuck for the rest. You enter the agreement knowing this do the student can’t wail at the end of it “but we can’t afford it”. The parents have already indicated that they CAN afford it. The burden is on the parents to prove -after the FAFSA and the CSS that they can’t afford it. Then the parents scramble for loans (the kid has no collateral so can’t take out any) or refinance their house, etc[/quote]

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